Variety, reporting on the RIAA’s 2024 data:
For the first time, paid streaming subscriptions hit the 100 million mark in the U.S. last year, while vinyl sales continued their nearly two-decade resurgence with $1.4 billion in sales, according to Recording Industry Association of America’s annual recorded-music revenue report.
Despite that milestone, streaming growth continues to slow — it was up just 4 million for the year, continuing a slowing trend over the past five years.
And:
Meanwhile, vinyl’s 18th straight year of growth scored nearly three-quarters of physical format revenue at $1.4 billion — the highest since 1984. For the third consecutive year, it outsold CDs, shipping 44 million vinyl records compared with 33 million CDs.